Group results
Slowdown in semiconductor equipment spending shows expected impact on orders, sales, and profitability.
Key Figures
| In CHF million | 6M 2023 | 6M 2022 | Change |
|---|---|---|---|
| Order intake | 291.7 | 648.5 | –55.0% |
| Order backlog | 339.7 | 559.4 | –39.3% |
Net sales |
453.8 |
549.0 |
–17.3% |
| Gross profit | 281.7 | 354.1 | –20.5% |
| Gross profit margin | 62.1% | 64.5% | – |
| EBITDA | 132.4 | 192.1 | –31.1% |
| EBITDA margin | 29.2% | 35.0% | – |
| EBIT | 111.7 | 172.1 | –35.1% |
| EBIT margin | 24.6% | 31.3% | – |
| Net income | 84.2 | 147.6 | –42.9% |
| Net income margin | 18.6% | 26.9% | – |
| Earnings per share (in CHF) | 2.81 | 4.92 | –42.9% |
Cash flow from operating activities |
67.3 |
94.6 |
–28.8% |
| Capex1 | 31.3 | 16.1 | 94.5% |
| Capex margin | 6.9% | 2.9% | – |
| Free cash flow2 | 36.9 | 78.6 | –53.0% |
| Free cash flow margin | 8.1% | 14.3% | – |
| Free cash flow conversion rate3 | 27.9% | 40.9% | – |
In CHF million | 2023 as of June 30 | 2022 as of June 30 | |
| Total assets | 1,185.3 | 1,181.0 | 0.4% |
| Total liabilities | 521.5 | 555.9 | –6.2% |
| Equity | 663.8 | 625.1 | 6.2% |
| Net debt | 198.3 | 177.5 | 11.7% |
Number of employees4 |
2,706 |
2,897 |
–6.6% |
- Capex comprises acquisitions of subsidiaries net of cash, purchases of property, plant and equipment, and intangible assets
- Free cash flow is calculated as cash flow from operating activities minus cash flow from investing activities.
- The free cash flow conversion rate is calculated as free cash flow as a percentage of EBITDA.
- Number of employees expressed as full-time equivalents (FTEs)